Atiur for introducing green bonds

Former Bangladesh Bank governor Dr Atiur Rahman has urged the developing countries to introduce ‘green bond markets’, reports UNB.
“Green bonds can flourish only in an environment where conventional bond market has already been vibrant. So there’s a need for developing the ecosystem for the overall bond markets as well,” he said taking part in a panel discussion on green bond at the ADB headquarters in Manila on Tuesday.
He also emphasised the need for a greater cooperation between regulators, policymakers and multilateral organisations for boosting green financing, including bonds, according to a message received here yesterday.
The panel was moderated By Noel Peters of ADB and participated by Christopher Knowles of EIB, Gregory Schneider Maunoury of Humanis Gestion of Actifs and Anthony Ruschpler of ADB.
Dr Atiur said Bangladesh, like most developing countries, depends overwhelmingly on banks for medium and long-term financing. But there is a need for developing capital market in these  countries.
He believes the challenges like standardisation, appropriate regulations, disclosures, lack of awareness and governance issues have to be addressed to jumpstart the issuance of green bond. “The secondary bond market, more particularly for green bond, is indeed thin”.

Atiur for introducing green bonds

Former Bangladesh Bank governor Dr Atiur Rahman has urged the developing countries to introduce green bond markets, reports UNB. Green bonds can flourish only in an environment where conventional bond market has already been vibrant. So theres a need for developing the ecosystem for the overall bond markets as well, he said taking part in a panel discussion on green bond at the ADB headquarters in Manila on Tuesday. He also emphasised the need for a greater cooperation between regulators, policymakers and multilateral organisations for boosting green financing, including bonds, according to a message received here yesterday. The panel was moderated By Noel Peters of ADB and participated by Christopher Knowles of EIB, Gregory Schneider Maunoury of Humanis Gestion of Actifs and Anthony Ruschpler of ADB. Dr Atiur said Bangladesh, like most developing countries, depends overwhelmingly on banks for medium and long-term financing. But there is a need for developing capital market in thesecountries. He believes the challenges like standardisation, appropriate regulations, disclosures, lack of awareness and governance issues have to be addressed to jumpstart the issuance of green bond. The secondary bond market, more particularly for green bond, is indeed thin.